Suncrest Ridge Condominiums


  • Units:
    61 units – (20) 2bd / 1ba (41) 1bd / 1ba
  • Building SF:
    39,626 SF
  • Land SF:
    157,153 SF

The Suncrest Ridge Bulk Condo offering includes 61 unit condo units in the city of Oceanside. The community was fully renovated inside and out in 2006 including new plumbing and electric. Community amenities include gated entry, pet areas, garages, car ports, pool area with fireplace and laundry facility. Interior amenities include vinyl plank flooring, in-unit wash/dryer and most units have front and rear patios, balconies or yards. The package comes with a $13.4M, 3.52% interest only loan maturing in October of 2028.

Contact Eric von Bluecher at 760-929-7846 or for more info. DRE 01926201.


This asset of a property is located within a CTAC/HCD High Resource Area just off the 78 freeway with easy access to the I-5 and I-15 freeways, Camp Pendleton, and CSUSM. Investors have the ability to add value by consolidating the remaining 11 condo units (one unit is currently for sale), further renovations and improvements in order in increase rents to market, increasing garage income, implementing RUBS, adding solar, and/or if able to acquire 100% of the complex, refinance with traditional loan and/or sell off each individual unit.


Common Area Amenities
  • Laundry room
  • Pool area with bathrooms and fireplace
  • Multiple pet areas
  • Secured entry
  • Views of Buena Creek Ecological Reserve
  • Garages, car ports and surface area parking
  • Storage cabinets in garages and carports
In-unit Amenities
  • Vinyl plank flooring in living areas
  • Laminate kitchen and bath flooring
  • Dual paned windows
  • Front and rear patios/balconies/yards in most – In unit wash/dryer
  • All electric units
  • Top floors have partially vaulted ceilings in
    living room
Condo Comps
  • 2 Bedroom comps average: $523,066 – 1 Bedroom comps average: $424,625
Interest Only Loan
  • $13,400,000+/- Interest Only Financing – 3.52% rate
  • Non-recourse
  • Matures 10/2028
  • 1% assumption fee
  • Approximately 15% upside rent potential – Implement RUBS
  • Install solar panels
  • Acquire the 11 remaining condo units (one unit currently on market)
  • 42 garages, 29 carports, 43 surface parking
  • Most parking spaces are generating additional
  • Some garages have walk through doors to the
    backyards of their respective units
Full Building Renovation 2006
  • Interiors with Vinyl plank flooring in living areas, in unit washer/dryer
  • Exterior upgrades including dual paned windows
  • Updated Plumbing and Electric
  • Updated walkways and Landscaping – Gated Condo Community




1902 Wright Place, Suite 180
Carlsbad, CA 92008, USA

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